SM Energy Company (SM) financial statements (2022 and earlier)

Company profile

Business Address 1775 SHERMAN STREET
DENVER, CO 80203
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments333007831490
Cash and cash equivalents333007831490
Receivables247162185168160152134
Derivative instruments and hedges, assets2431551756455368
Disposal group, including discontinued operation      1
Other undisclosed current assets91013911916
Total current assets:613204253429549225519
Noncurrent Assets
Property, plant and equipment4,5764,702 5,8315,555  
Derivative instruments and hedges02321584068121
Other noncurrent assets45486534332032
Total noncurrent assets:4,6214,773865,9245,62888152
Other undisclosed assets  5,954  6,0814,950
TOTAL ASSETS:5,2344,9766,2926,3536,1776,3945,622
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:563372402403387300303
Accounts payable25635256   
Accrued liabilities716597140294449
Employee-related liabilities47314231393541
Taxes payable2021251913714
Interest and dividends payable60534441454534
Other undisclosed accounts payable and accrued liabilities340139143116260169164
Derivative instruments and hedges, liabilities32020051631731150
Other liabilities71219    
Total current liabilities:889584472466559415303
Noncurrent Liabilities
Long-term debt and lease obligation2,0812,2142,7562,5962,9092,8982,518
Long-term debt, excluding current maturities2,0812,2142,7332,5962,9092,8982,518
Operating lease, liability  23
Liabilities, other than long-term debt200162149278200557941
Asset retirement obligations978384  96138
Deferred tax liabilities, net22380316758
Deferred income tax liabilities10  
Other liabilities68576143484745
Derivative instruments and hedges, liabilities26223127198 
Other undisclosed noncurrent liabilities  16692114268
Total noncurrent liabilities:2,2822,3773,0712,9663,2233,4813,467
Total liabilities:3,1712,9603,5433,4333,7823,8963,769
Stockholders' equity
Stockholders' equity attributable to parent2,0632,0162,7492,9202,3952,4971,852
Common stock1111111
Additional paid in capital1,8401,8281,7921,7661,7421,717306
Accumulated other comprehensive loss(13)(14)(11)(12)(14)(15)(13)
Retained earnings2352019681,1666667941,560
Total stockholders' equity:2,0632,0162,7492,9202,3952,4971,852
TOTAL LIABILITIES AND EQUITY:5,2344,9766,2926,3536,1776,3945,622

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,6231,1271,5902,0671,1291,2171,557
Revenue, net1,2601,1781,509
Cost of revenue(2,228)(1,039)(1,442)(1,009)(1,109)(2,011)(1,638)
Cost of goods and services sold(505)(391)(501)(487)(508)(598)(738)
Gross profit:395871481,05821(793)(81)
Operating expenses(186)(1,156)(218)(222)(189)(266)(498)
Other operating expense, net(46)(25)(20)(18)(14)  
Other undisclosed operating income4625201814  
Operating income (loss):209(1,069)(70)836(168)(1,059)(579)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(0)(4)(2)3401
Interest and debt expense(162)116(159)(188)(179)(143)(145)
Income (loss) from continuing operations before income taxes:46(957)(231)652(344)(1,202)(723)
Income tax expense (benefit)(10)19244(143)183444275
Net income (loss) available to common stockholders, diluted:36(765)(187)508(161)(758)(448)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):36(765)(187)508(161)(758)(448)
Other comprehensive income (loss)1(2)141  
Comprehensive income (loss):37(767)(186)513(160)(758)(448)
Other undisclosed comprehensive loss, net of tax, attributable to parent    (1)(1)(2)
Comprehensive income (loss), net of tax, attributable to parent:37(767)(186)513(160)(759)(450)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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